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New market study, "Singapore Food & Drink Report Q2 2013", has been Published

New Food market report from Business Monitor International: "Singapore Food & Drink Report Q2 2013"

Published on 24 April 2013

Discover the World Of Judaica

by Bill Thompson


Boston, MA

BMI View: We continue to retain our positive outlook on Singapore's consumer sector, although while the economy has thus far avoided a technical recession, it is not yet out of the woods, with the threat of elevated inflation and subdued growth once again on the radar. The Singaporean consumer remains one of the bright spots for the city-state's economy, in line with rising wealth levels and incomes. We forecast private consumption to grow by a solid 4.0% in 2013 following a 3.5% performance in 2012, and expect the sector to be an outperformer over the coming decade, with the strong demand that we have seen in both housing and vehicles sales continuing to point to the underlying strength of consumer confidence. The outlook for the economy as a whole is slightly more subdued. As a result of slower than expected growth due to increasingly feeble external demand, we have downgraded our full-year 2012 GDP growth forecast to 1.9% from 2.6%, and we note that downside risks to our 2013 forecast for 3.6% GDP growth have increased.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/584559_singapore_food_drink_report_q2_2013.aspx?afid=201)

Headline Industry Data (local currency)

- 2013 food consumption = +4.46%; compound annual growth rate (CAGR) forecast to 2017 = +2.41%
- 2013 alcoholic drink value sales = +6.04%; CAGR forecast to 2017 = +5.64%
- 2013 soft drink value sales = +3.49%; CAGR forecast to 2017 = +2.94%
- 2013 mass grocery retail sales = +2.92%; CAGR forecast to 2017 = +2.76%

Industry Trends & Developments

F&N Takeover Odyssey Over: In January 2013, Thai billionaire Charoen Sirivadhanabhakdi, won control over Fraser and Neave (F&N) following a protracted takeover battle with the consortium led by Singapore-based property developer Overseas Union Enterprise Ltd (OUE). Charoen's SGD13.8bn offer won the backing of 50.9% of shareholders. OUE had said that it could not raise its offer of SGD9.08 (US $7.40) a share, made in November 2012, despite having the backing of Japan's Kirin Holdings. Charoen, who runs TCC Assets, was named as chairman of F&N. Kirin Holdings, which holds close to 15% in F&N, subsequently announced that it will sell off its stake to TCC.

Petra Profits Hit: In late 2012, Petra Foods reached a deal with Swiss-based Barry Callebaut, the world's largest chocolate manufacturer, to sells its cocoa ingredients division for a reported US$950mn, pending regulatory approval. In February 2012 the company announced that its full-year sales rose by 13.8% yearon- year (y-o-y) to US$477.7mn, but that FY profits were down by 57% y-o-y to US$25.9mn due to a US $27.5mn charge in relation to its planned sale of its cocoa ingredients business. Following the divestment of its cocoa ingredients division to Barry Callebaut, Petra plans to focus on its more profitable branded consumer division.

Risks To Outlook

Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.  For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.


  • Bill Thompson
  • Fast Market Research, Inc.
  • PR Contact
  • Tel: +14134857001
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Posted 2013-04-24 05:49:00